§1983. Revocation of election as employee cooperative corporation
When any employee cooperative revokes its election in accordance with section 1975, the articles of amendment must provide for conversion of membership shares and internal capital accounts or their conversions to securities or other property in a manner consistent with Title 13-C. [RR 2001, c. 2, Pt. B, §33 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]
SECTION HISTORY
PL 1983, c. 136 (NEW). RR 2001, c. 2, §B33 (COR). RR 2001, c. 2, §B58 (AFF).
Structure Maine Revised Statutes
Part 2: CORPORATIONS WITHOUT CAPITAL
Subchapter 3: EMPLOYEE COOPERATIVE CORPORATIONS
13 §1973. Application of other laws
13 §1974. Registration of securities
13 §1975. Formation of employee cooperative corporation; revocation
13 §1976. Use of words "cooperative," "co-op"
13 §1977. Membership in employee cooperative corporation
13 §1978. Membership shares; fees
13 §1981. Accounting for earnings or losses
13 §1982. Internal capital account cooperatives
13 §1983. Revocation of election as employee cooperative corporation